BILLABLE v. SALARY BASED.... pros and cons? I’ve never worked at a firm that has billing requirements, I’ve always been salary based, but I’m interested to know what your experiences have been!

like
Posting as :
works at
You are currently posting as works at

Silly q but what does salary based mean? Most attorneys I know are on salary and have a billable hour requirement but they don’t receive a % of their billings

like

Is this a billable hours vs. contingency question?

I assume he/she is referring to an eat what you kill system, where you don't have a set compensation amount, but a set formula that determines how much you earn depending on factors such as billing attorney collections, working attorney collections, etc.

My firm has this system. The benefit is that it's transparent and "fair". The detriment is that your income is all over the place - but that's really only an issue for the first year you make partner. After that, unless you're irresponsible with money, you should have a large enough buffer in the bank that it doesn't really matter whether you get your money in a month or three months.

Related Posts

I have 2.5 year experience in dot net technology. Now I am looking for change. My current ctc is 6lpa. how to prepare for dot net interview. Can anyone pls guide me Tata Consultancy Accenture India Capgemini Cognizant Mindtree GlobalLogic Nagarro . Thanks in advance

like

I see majority of the reviews for Blue Yonder on Ambition Box complains regarding salary and growth. How ever the other things are marked Good.

I'm going to join BY soon and the offer is decent.

Can any one let me know how are the things within company especially in terms of Salary Hike.

Blue Yonder

like

Hi Fishes,

Is there anyone currently working in
Roland Berger India office? Wanted to know about consultant salary range, wlb, projects and culture

Roland Berger Roland Berger

like

Hello professionals!
I am a B.tech CSE student and have two offers :-
1) EXL services:- Role( Business analyst Band A2)
6.5 ctc + 1lakh first anniversary bonus.

2) Fractal analytics:- Role(Imagineer :- on trainingit would depend on what technology you'll work in data science) 7.5 ctc + 3 lakh joining bonus.

Please don't ignore this and help me to choose the right decision.
So please if you are from EXL and Fractal or have any idea about these companies please help to make right decision as Fresher

like

I am a 1st year Senior Manager (pre-partner rank) making a base of about $220k. If I ever want to move to FAANG is this a good point to make a switch? Promotion to partner is at least 6 years away.

like

I got Medical Reimbursement of around in current month salary, but I don't think I had applied any bill or submitted any such amount. Can someone tell what exactly is this amount for?

like

I have submitted the documents for LTI..before an formal HR call one lady HR called me and ask for expected CTC..i have one offer in hand and i demand 20% of that offer as fixed..she asked me to negotiate and so i went for 20% of offer as total CTC instead of fixed..she simply said OK thats it..and call ended..will I get positive note from them....?

like

Copywriter, 30/M/NYC/5 year’s exp. Currently at 90k. In-house at major global brand. Hoping to ask for raise/promo soon. What’s a realistic number?

Polling: Salary, location, years in media

VP/Group Media Director

130, LA, 10

like

I am interviewing for a recruiting specialist role at a San Francisco tech company with 1 year experience as a recruiting coordinator. What salary range can I expect?

like

Im not sure but how much do normal warehouse managers make ? I work ina start up that a makes a substitute for peanut butter for people with nut allergies

like
like

I have total 8 YOE (3 years in salesforce) current package is 8.5LPA. I have hike this month. How much I can expect?

whats avg ctc for a product manager with 20 yrs exp in nokia (India). any ball park figure, please share

like

We are hiring for product owner of newly acquired DAP tool for KPMG’s internal digital adoption team. Anyone with experience using WalkMe, WhatFix, EnableNow should apply. Ping me for further details. Also love a referral bonus.KPMG

like

L6 strategy & ops offer - what do you recommend for base, salary and equity in SF? ~10 yrs of experience and MBA.

like

Hi how much will be in hand salary for this ctc @LTI Larsen & Toubro Infotech

Post Photo
like

What’s the standard pay for a Sr Data Analyst?

like

This question is quite broad and subjective but would love to hear some thoughts. For a couple with family income of about 60 LPA in India, is it wise to move to Canada/UK via the PR route? I have seen no matter how much experience you have, it's usually about building up from scratch.

like

How much bonus does an L6 in tech consulting get ?

like

More Posts

Hi folks, I have an offer from Persistent for Java developer and they're offering me 7.5 LPA for Senior Software Engineer role.. Is this the right scale in Persistent ?
My experience is 3 years

like

Anyone want to try and go to top golf this coming Friday night or Saturday night? Thinking the Mount Laurel location but Philadelphia works too.

like

Hi Fishes,

What is flexible components of TFP in offer letter from Tech M.? Will it be paid?

like

Whats the most reliable among german cars? I am worried about paying a lot for maintenance and repairs but also dont want a japanese tin can

like

Without asking or confirming, account lead booked an in-person client meeting that requires travel. Who books ~any~ major client meeting without first checking with the team ?

like

I am not able to DM anyone can you guys help me!

likesmart

I have heard very less flow of work in PWC AC’s. Does this mean recession impact has begun and they can start terminating employees on bench???

like

State bar fees while you’re clerking? Please tell it doesn’t just come out of your own pocket during the two years? 😭

like

What is it with millennials and short dress pants.

likehelpful

Is the difference between the 5th and 6th edition Manhattan GMAT complete set enough to warrant spending the extra money on it? I can found all the 5th edition books for free online. 6th is $100 used

like

Does companies retain you and bump your existing ctc by 80% to match offer in hand??

like

Hello

What is notice period for EY GDS? (60/90 days)

like

What's maximum salary for AM Risk advisory at Deloitte India.

like

Mac or HP or Dell: I prefer Mac notebooks. However it seems there might be limitations with the use of Skype or other applications based on materials I have seen. What do you all recommend is the best laptop for working at Deloitte?

like

In process of buying a house, both my surveyor and specialist damp contractor found damp under kitchen tiles (In the grout) & in skirting boards and up one wall. Sellers had work done initially in 2014 on the wall only(with garuntee) & their company has visited and assured there is no damp… what is next best course of action, get another damp specialist to examine independently of other reports? I don’t trust them….. (U.K. Victorian terrace, damp is in the kitchen extension built circa. 15 y/o)

like

Hi folks,
I've been hired as a data Engineer in DWH. My joining date is 1st aug. Can you please suggest something i can learn based on the skills/tools used in tiger?
Yoe : 4 years

When you come back to school, are you expecting any staffing changes? Is that a good or bad thing? Do you think it should be addressed as a message from school administrators?

How much should I ask for for an Art Sup role?

like

Hi fishes,

I am trying to download my salary certificate from the alumni portal (2016) but the pdf is password protected. I tried entering my employee id but it is not working. Can somebody help me with the password format?
Thanks and miss infy a lot

like

Additional Posts in Law

Does anyone know the starting salary for Jackson Lewis in the firm's Connecticut office, as well as the billable hours requirement?

like

Billables are low this month. Like I have 65 billable hours in so far. I’ve messaged partners over the last week to try and get more cases but there are tons of new associates who were just onboarded and were at a low point for business. I’m freaking out

like

My dream is to move to a super low cost state, buy a beautiful farm house on a big piece of land and work remotely from there. How do I do this? I am a 3rd year associate in big law.

likehelpful

Just FYI, if you ever miss an issue in an agreement that you don’t catch until late in the deal process, don’t try to blame it on the other side to your client. You’ll get caught.

likehelpful

I joined fishbowl a month ago and while I’ve seen a couple contentious debates but I must say I’m pleasantly surprised at how respectfully ppl comment on this app even when disagreeing. Usually anonymity on the internet brings out the absolute worst in ppl; they type things anonymously that they would NEVER say in person smh. But I really haven’t seen horrible comments here. I wonder what makes this app diff frm others?

like

Curious to know what other firm's bonus structures are, particularly those with billable requirements of 1900 and below. Trying to understand what the norm is and figure out if associates at my firm are getting screwed. thanks

like

Is end-of-year bonus season a lost cause at this point? (In a firm with no layoffs or pay cuts yet).

like

Anyone who recently took the CIPP/E exam? Any tips for what materials to use to prepare for it and the most effective study strategy (assuming I have very limited GDPR exposure)? Thanks!

like

So I feel a combination of relief and guilt as a bankruptcy/restructuring attorney. I think I’ll be ok since it’s going to be a very busy time soon. But at the same time nobody else is going to be ok

like

How do you navigate a job offer that is contingent on the firm calling professional references? I don’t want to tell my current firm I’m leaving for this other firm until it’s official…which means I can’t use my current bosses as references. I have been with this firm since I graduated law school (5+ years), so I don’t have other legal references. I had a pre-law career…but that was so long ago. I’m not sure what to do…any suggestions?

like

Question: In Maryland, a limited liability S Corp shareholder can’t be sued individually but can they individually sue someone else on behalf of the corp? Or does an attorney for the Corp have to be the one to file suit? What abt in small claims court where lawyers aren’t even required?

like

Are you sticking around your current firm if you’re up for partnership and don’t make it this year?

likehelpful

What is a reasonable pay increase + bonus? This will be my first pay increase. I make 70k and I will be starting my second year at big law (immigration). I had 2 years of prior experience before joining the firm. My manager rated me highest in all areas and mentioned she recommended me for promotion but it may not happen until next cycle since there are limited number of promotions to give. I will get a pay increase regardless so I want to negotiate in case I don’t get a “good” increase.

likehelpful

I am a lawyer (based in the UK) and have been practising for 15+ years (financial services/banking). I love being a lawyer but I would also love to do something more creative or more independent. Has anyone moved from law into another role or has anyone done something more creative alongside their full time legal career? I’m feeling a bit stuck!

like

What is the best way to gracefully exit a small firm where the senior partner is very high-profile, knows everyone, and is likely to be personally offended by my departure? This partner has also begun their term in a very public-facing and time-consuming position - 1 year term. I can’t do it anymore but I know it’s bad timing and I don’t want to burn this bridge. Help!

like

Am I the only one left at the end of the month trying to bill 10hour days to meet hours because I slacked off at the beginning of the month? It’s a vicious cycle. Then the end of the month hits and I’m so exhausted that I need to take it was the next week... and the cycle continues

like

Anyone have recommendations for comfortable office chair for home office? Our firm is back in the office, but still use my home office chair most evenings so I’m looking for something comfortable

like

BigLaw M&A: what do you consider to be “big deal” vs a small and medium deal? For example, what do you consider a $150M deal?

like

Does anyone here suffer from bipolar disorder? How do you manage it and working in law? I see a therapist, and a psychiatrist, and am on medication, but I still have days where I wake up and I’m so depressed I can’t move. I’m working on remedying this with my doctors, but how does one approach mental health issues with their employer? I never felt the need to until I realized how much being bipolar can affect my ability to work.

like

Salary cut 20% first week the virus broke out, no bonuses this year, and it’s unlikely that we will get that 20% back. Good thing this was my first year and I earned all of 3 months of my salary. 😑

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal